Looks like you’re on the UK site. Choose another location to see content specific to your location

Home Industry News Boston Scientific shareholders advised to approve

Boston Scientific shareholders advised to approve

22nd March 2006

Boston Scientific and Guidant have announced that the independent proxy advisory firm, Institutional Shareholder Services (ISS), has advised that both companies’ shareholders vote in favour of a planned merger.

On March 31st a special meeting of shareholders will take place where the proposed combination of the two companies will be put to a vote.

In a report on the proposed venture, ISS said that a merger ? whereby Boston Scientific would acquire Guidant ? would allow the company to “diversify its product offerings”.

“We are pleased ISS has recommended that Boston Scientific’s and Guidant’s shareholders vote for this combination, which will create a global leader in cardiovascular devices,” said Boston Scientific president and chief executive officer Jim Tobin.

“We look forward to receiving support from both companies’ shareholders at the special meetings on March 31st, and we expect to close the transaction during the first week of April.”

The deal, a cash and stock purchase, will see Boston pay the equivalent of $80 per share for Guidant, a total of some $27 billion.

track© Adfero Ltd

We currently have 7 jobs available in Pharmacy industry, find your perfect one now.

Stay informed

Receive the latest industry news, Tips
and straight to your inbox.